Weekly Outlook for 30 January – 3 February

Following the rally in gold and silver prices during last week along with the
gains of major currencies including the Euro and Australian dollar against the
U.S. dollar, the upcoming week starts off with the announcement of Fitch rating
to downgrade five EU countries credit rating. It will be interesting to see how,
if at all, the market will react to this news (I guess it wont). There are many
news items on this weeks agenda that might affect commodities and forex markets
including: U.S. non-farm employment report, Bernankes testimony, the EU summit,
U.S. consumer confidence report, Chinas manufacturing PMI, and Canadas GDP. Here
is an economic news calendar outlook for the week of January 30th to February
3rd that highlights the main news items related to the U.S., Europe, Australia,
Canada and China.